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November 5, 2024
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Banana prices begin to fall due to overproduction

Banana prices begin to fall due to overproduction

The oversupply of bananas available, both in supermarkets As in the markets of Greater Santo Domingo, it has begun to be reflected in prices, which have dropped between 3.64% and 9.79% in its different varieties.

According to the price monitoring carried out each week by the Ministry of Agriculturewith data as of November 1, the price of a banana large –both male and female– in the main markets had an average price of 23.3 pesos, for a decrease 2.53 pesos compared to October 2, when it was sold at about 25.83 pesos. This represents a decrease of 9.79%.

The most affordable price that day was recorded Markets Dominicans from Abasto Agropecuario (Mercadom), which had the item available at 18 pesos per unit, while the most expensive price was recorded in the Cristo Rey market; at 25 pesos each.

If he banana was mediumits price was around 19.6 pesos in the main markets of the city, 0.56 cents less (-2.77%) than in the last 30 days, when it was about 20.16 pesos.

However, the banana ripe has maintained the same average price between October and November, of 21 pesos each, like the Fhia 21 variety, whose unit was around 9 pesos.

Prices in supermarkets

Meanwhile, the prices in supermarkets register a decrease of 3.64% in the last month. As of November 1, both banana big as medium It was sold at 17.99, 0.68 cents less than the average 18.67 pesos that the same product cost on October 2 in the main establishments.

They urge you to consume more banana

Last week, the minister of AgricultureLimber Cruz, confirmed that there is a oversupply of bananas in the market and urged the population to consume more of the product.

He country this producing around 11 million daily units of banana3 million units more than the average 8 million units.

For several months now, the Government Dominican lifted the suspension on exports of bananasto maintain a stable price range within the local market.

Journalist. Graduated from the Autonomous University of Santo Domingo (UASD), with an additional semester in Written Communication taken at Maryville College, United States. He has written about economics for the newspapers El Jaya and elDinero. Passionate about finances, culture, literature and well-being.

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